OTCPK:CRZNF - Post by User
Comment by
Czicfwillgetermiton Nov 02, 2012 2:32pm
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Post# 20556277
RE: RE: RE: Reality check
RE: RE: RE: Reality check Another measuring stick of ball park value is reserves in the ground compared to others. Silver wheaton has a market cap of 14 billion with about 1.7 billion oz proven and inferred. That would put our market cap at 570 million. Fortuna silver has 85 million oz in proven and inferred with a 700 million market cap. That would put us at 625 million in value.
If we use the entire resource as a measuring stick gross metal value is about 5 billion . The company says 7 billion but those numbers dont add up to me. Using the $5 billion number our market cap is just over 1% of metal in the ground. Seems like some room for upside.
If we get a permit it will be interesting to see the off take arrangement. Im wondering if they go for a big upfront payment in exchange for some future silver or zinc production to build the mine.